Originally Posted by
drillfix
Does anybody actually still hold this stock?
Seems like with all the flooding going on over here in QLD, it has knocked the sector a bit, but seems BUL has escaped some of it on some tenements.
4th paragraph of today's Operations update says:
As previously advised, the Monslatt 8 lateral well was successfully drilled to intersect the
vertical Monslatt 7 well late last year. Down hole pumps have been run in Monslatt 7 and
surface equipment has now been installed so that pilot production testing can commence by
the end of the week.
By the end of the week? Sheez, they must have been lucky to escape the floods on these tens.